Search Results: 2022

by Andrew Anton Mako Blessings The Porgera goldmine in Enga Province offered so much promise when it began production in 1990 – a modern way of life and improved living standards for the landowners and surrounding communities, with access to modern health, education, and other social services. Before the closure of the mine in April 2020, it had pro...

Photo: Operations continue at the OTML Mine. Ok Tedi Mining Limited (OTML) brings 100% of its sales revenue into the country and provides an average of more than US$600 Million in foreign currency annually into the Papua New Guinea market. This year, the Company has already provided US$272 Million into the PNG market as at June 20th. In 2022, OTML s...

Photo: Bank of China Chairman Mr. Ge Haijiao, Chinese Ambassador to PNG H.E. Zeng Fanhua, PM Marape and Bank of China PNG Representative Audrey Zheng. China-Papua New Guinea relations have reached new heights with the opening of a representative office of China's most globalised and integrated bank in PNG on Thursday 1st June, 2023, at the Stanley Hote...

Peuna’s Founders: Chantelle Brittain, Ken Vincin and Sean Vincin While Peuna PNG Limited is only entering its 7th year of operation, don’t mistaken this dynamic business as new players in the Papua New Guinea market. Peuna’s roots in the country stem way back to 1956. Established in 2016, Peuna’s founders, Mr Ken Vincin and son Sean Vincin partnered...

The Pacific Islands Telecommunications Association 27th Annual General Meeting (PITA AGM), Business Forum and Expo, which was hosted on the 29th of May to the 2nd of June 2023, marked a significant milestone in Papua New Guinea’s journey towards digital transformation. It was the first to be hosted in Papua New Guinea by the country's longest serving t...

Photo: PM Marape with Indonesian Ambassador to PNG H.E. Andriana Supandi.-PM’S OFFICE MEDIA Indonesian President H.E. Joko Widodo will be making a State Visit to Papua New Guinea next month, Prime Minister and Foreign Affairs Minister Hon. James Marape has announced. Confirmation of the one-day visit on July 6, 2023, was made during a meeting betwee...

Photo: The Menyamya-Bulolo Road, part of the Trans-Island Highway linking Lae to Port Moresby.-PM’s OFFICE MEDIA Prime Minister Hon. James Marape has lauded the Government’s groundbreaking ‘Connect PNG’ programme, stating that it is transforming Papua New Guinea like never before. His remarks came after Works and Highways Minister Hon. Solan Mirisim pr...

Photo: Lae Facility In the challenging business landscape of Papua New Guinea, Pacific Industries Ltd has risen to prominence as a leading food and beverage manufacturer and distributor. Throughout its 70 years and three-generation history, the company has demonstrated resilience and adaptability, with recent strategic investments and expansions illust...

Papua New Guinea was amongst seven other Pacific Island countries to sign a partnership statement of intent with the Republic of Korea to further cooperation and partnership in digital transformation. Information and Communications Technology Minister Timothy Masiu, who also was appointed co- chair of the just concluded Korea -Pacific Islands Digital M...

Recently, the European Union Delegation in Papua New Guinea was delighted to have Prime Minister James Marape deliver a speech during the Europe Day reception on the 9th of May 2023 at the Lamana Hotel in Port Moresby. Ambassador Jacques Fradin, the Head of the EU Delegation to Papua New Guinea, stated in his speech: "Papua New Guinea continues to be a...

The advantages of having a second Liquefied Natural Gas (LNG) project in a country like Papua New Guinea is important and strategic in that the people are attached to the land, and they want to feel they are part of the extraction of resources and wealth -- and they can only do that through the development of their customary land. The focus has shifted...

Photo: Professor Stephen Howes. Credit: Australia National University Papua New Guinea is grappling with a foreign exchange shortage, resulting in higher imports and lower exports, according to economist Professor Stephen Howes from the Australia National University (ANU) Development Policy Centre. Speaking at the 38th Australia-PNG Business Forum and ...

Photo credit: Australia Papua New Guinea Business Council Hon. Richard Maru, Minister for International Trade and Investment, in his keynote address on the 16th of May at the 38th PNG-Australia Business Forum and Trade Expo at Hilton Hotel Port Moresby, said Papua New Guinea's trade was always in favor towards Australia. “For the last 47 years, trad...

Photo: (L-R) President Anthony Smaré – PNG Chamber of Mines and Petroleum, Paul Hueper – Director of Energy and Mineral Programs for the Bureau of Energy Resources, US Department of State with his colleagues on the right, and MRA’s Managing Director Jerry Garry (centre) at the Prospectors & Developers Association of Canada (PDAC) in Toronto, Canada ea...

Geopolitics in the Indo-Pacific region Looking at the Indo-Pacific region, observers came to realise that creating ties to it was quite a significant bilateral topic for developed democracies before Russia invaded Ukraine. Suddenly, these global economies shifted preferences and drew all their attention back to Europe. Within this period when concen...

Photo credit: Post Courier  The National Trade Office (NTO) has recently unveiled Papua New Guinea's inaugural National Trade Portal and the Export Readiness Assessment Guidebook, which have garnered significant praise as vital resources for accessing trade information. These initiatives aim to provide small and medium enterprises (SMEs), traders, and ...

Photo: PM Marape meeting with the Korean delegation on Friday.-PM’s Office Media Prime Minister and Acting Foreign Affairs Minister Hon. James Marape says relations between Republic of Korea and Papua New Guinea are “very important”. He said this was exemplified by trade between the two countries worth worth US$1.8 billion (K6.33 billion) in 2022, a...

PNGX, Papua New Guinea’s national stock exchange, will adopt new Listing Rules from 3 July 2023. The new Listing Rules are a key step towards the development of a more effective secondary market in Papua New Guinea. They contribute to ensuring that PNG has a world class capital market that is internationally respected and recognized. PNGX’s Listing ...